How is Disparate Technology Impacting Your Practice’s Data?
The move to value-based care in the U.S. healthcare industry was one that was long anticipated, and arguably highly necessary. It’s also a movement which is not only here to stay, also likely to accelerate due to demands from government, payers and patient themselves. Yet, the transition has not been an easy one, with physicians, hospital systems and accountable care organizations (ACOs) rushing to adopt the technologies required to meet the mandate. Unfortunately, this has left a gaping hole in the ability of healthcare providers across the board to deliver on the promise of high-value care – data mining.
In fact, whether or not your practice is capable of financial liability in the long-term financial viability is now inextricably linked to how efficiently and effectively you are able to use the data collected on a moment by moment basis to improve the quality of care your provide, its cost and the patient experience.
However, if this data is trapped in multiple types of business technologies, value, efficiency, safety and even patient privacy can be compromised.
A patchwork of technologies leads to data fragmentation
You can think of the business technology that your practice leverages as a combination of clinical and financial information. This information when combined and used can form the basis for strategic decision making that drives better patient care, improved staff and provider efficiency, and higher profits for the practice.
While this sounds like a goldmine of data (and it is), your practice can also be facing a major issue, which doesn’t allow you access to that mine. Specifically, if yours is like the majority of today’s practices, you likely rely on multiple systems, including an EMR, a practice managements, accounting, scheduling and more – each one working in a vacuum.
This patchwork of technologies has been instituted out of necessity, and often with grand promises from their providers. Yet, now that they are working on their own rather than together, the result isn’t those grand promises of improved efficiency, enhanced ease and secure patient care, it’s data fragmentation that hinders your ability to access and use the valuable and vital information that should be at your fingertips.
Interoperability ushers in the future of value-based care
Those issues are the reason that more and more practices are looking for ways to create interoperability between all of those disparate systems – from their EMR, with patient care data to their scheduling software to keep track of missed appointments and accounting that allows them to see how valuable each service they provide is to the practice’s future. This interoperability allows a practice to effectively apply data analytics to improve staff efficiency and even increase safety from both a HIPPA and a security standpoint.
Accountability for value is only expected to rise in the practice setting. However, if your practice is relying on disparate technologies and data sources, you could easily be missing the critical elements necessary to sustain high-value care delivery. That’s why in order to succeed in today’s healthcare environment and drive the required value-based care change, the future lies in the integration and interoperability that allow you to utilize the goldmine of data to help both your patients and your practice.